Tanner Floyd · August 1, 2026

How much equity have you actually built?

Mortgage Market Update

Tanner Floyd

Tanner Floyd

Saturday, August 1, 2026

How much equity have you actually built?

Here's something worth checking: your home's equity. It might surprise you. Here's why it matters and what you can do about it.

National Mortgage Rates · July 30, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.43%

VA 30-Year

6.25%

Rate trend

Source: Freddie Mac PMMS & Optimal Blue via FRED

Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.


Equity Check

Your home's equity might be worth more than you think

If you bought or refinanced a few years ago, your home has likely appreciated. That means the gap between what you owe and what your home is worth—your equity—has probably grown. Knowing this number matters because it unlocks options: a cash-out refinance to cover renovations or debt, a home equity line of credit for flexibility, or simply understanding your net worth.

Many homeowners don't realize how much equity they've built because they haven't had their home appraised recently. If you're curious about your position, I can walk you through what that equity might mean for your financial goals—whether that's pulling money out, refinancing to better terms, or just having peace of mind about where you stand.

Send me a message and I'll help you figure out what your equity could do for you.

Tip of the Week

Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.

Tips for Homeowners

HOA Fees and How They Affect Your Mortgage

1.

HOA dues are included in your debt-to-income ratio calculation when you apply for a mortgage. High HOA fees reduce how much home you can qualify for.

2.

Before buying in an HOA, review the financials: reserve fund balance, any pending special assessments, and recent meeting minutes. A depleted reserve fund can mean a large unexpected charge.

3.

HOA dues are generally not tax-deductible for a primary residence. If the home is a rental property, dues may be deductible as a business expense.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Tanner Floyd team any time and we'll walk you through your options.

Your Mortgage Advisor

T

Tanner Floyd

Tanner Floyd

tanner@georgiaplatinummortgage.com

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